EURJPY repeats the fluctuation below the moving average – Analysis – 4-9-2018
Economies.com
2018-09-04 06:18AM UTC
Despite the EURJPY pair’s sideways fluctuations, its stability below the moving average 55 at 129.35 confirms surrendering to the bearish bias domination, thus, we will keep waiting to form new negative attack to target 128.10 level, and breaking this barrier will push the price towards the next negative station at 126.70.
Stochastic continuous fluctuation within the oversold areas reinforces our bearish overview by providing negative momentum to increase the chances of achieving the waited targets.
Expected trading range for today is between 129.35 and 128.10
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...